Skip to main content

About your Search

20121001
20121031
STATION
LANGUAGE
Search Results 0 to 12 of about 13
CNBC
Oct 16, 2012 3:00pm EDT
first. you're a shareholder of citi? >> i am, indeed. >> what's your next move? how do you see it? >> i'm going continue to hold. i think michael o'neil has a long history of creating valued companies he's been with. i think the transition here is important. michael corbat is very well respected by the regulators. the process is so critical because citi really generates a ton of capital. i think the ability to return some capital through buy backs, through increased dividends is critical. i think the upside to citi has been kind of, you know, sped up here. i think vikram was doing a lot of the right things, but the regulators did not like him. >> you've been waiting for a dividend too. they couldn't pay a dividend after failing the stress test. as a shareholder, are you frustrated? does it make sense it was time for him to go? >> well, i don't think it was time for him to go, but unfortunately the relationship historically was very bad with the regulators, particularly sheila bear, who really embarrassed him by what she wrote in the book about him. sheila scuttled the merger betwe
CNBC
Oct 17, 2012 3:00pm EDT
up, maria means business. two big exclusive interviews with two big market movers. first, blackrock's larry fink with his thoughts on earnings, the election, and vikram pandit's sudden departure from citi. >>> then in another exclusive, u.s. bankcorp ceo on his company's earnings. >>> and trouble ahead? s&p's chief economist tells us about three big risks looming on the economic horizon and why there's no room for error. find out what they are ahead on the "closing bell." for [ male announcer ] it's a license to drive. but to you, it's a leap of faith. it means letting go... and learning to trust. ♪ all across america, thousands of teens showed state farm what it means to them. ♪ at a national event that gives new drivers the knowledge they need to take the wheel. we call it celebrate my drive. you might call it peace of mind. learn more at celebratemydrive.com. sleep train's best rest event is ending soon. don't miss your chance to get sleep train's very best mattresses at the guaranteed lowest price. plus, pay no interest for 3 years on beautyrest black, stearns & foster, serta
CNBC
Oct 31, 2012 3:00pm EDT
seaboard and we're working with the city and the state and the federal government first of all, kudos to the first responders. they did an incredible job and also to all the employees that were working in these buildings 24/7 for the last few days in particular people working in my building, we almost lost two people with the floods coming in so we're very, very lucky. the effort's ongoing. we're working with con-ed and the city and one of the other priorities is to help relocate some of the companies that have not had the ability to go back in their buildings a little bit. we're assessing our buildings. we sustained storm damage in some of them, not structural but electrical, other buildings are perfectly fine and we're just waiting for con ed to turn on the power as soon as the city lifts the no fly zone, so to speak downtown we'll be able to get them back in but it's going to take some buildings a lot. lot of buildings downtown took significant damage. >> that's an important point that you're helping some companies relocate even if it's a temporary spot. scott cohn, we know 6 milli
CNBC
Oct 26, 2012 3:00pm EDT
sudden as it seemed at first blush. kayla takes us inside the citi shake-up. >> when mike o neil was staped at city's chairman, they got the feeling a shake-up would be coming and the report by the new york times reports a picture of pandit's last date marked by shock after what he believed to be strong earnings. one said he resigned immediately and another resigning at year-end and third being fired without cause. he chose to leave immediately. coo john havens agreed to leave within minutes. the following day, pan dit said the move was his choice and based on that quarter's earnings that he would be leaving citi in good hands. a former bank of america executive and bank of hawaii, o neil joined the board and became chairman when dick parsons resigned earlier. they were long preparing for pandit's recession and took an unusual turn in the ongoing succession plans holding talks with two candidates for the vacanted coo role which has yet to be filled. >> it's amazing, thanks, if that departure scenario is true, that mikes michael o neill is making all decisions and forcing his agenda.
CNBC
Oct 18, 2012 4:00pm EDT
have a really important event in the city. perhaps a first date. the traffic is bad. you need to leave early to avoid being late. maybe you just landed in a new country and you're at the airport atm trying to figure out how much cash to withdrawal. google now, which we launched on android in june, gives you all that information and more automatically with zero effort required on your part. these kind of tips and recommendations are super powerful. they really save users time and hassle. this is why i'm incredibly excited about the opportunities ahead. given our expertise in search and mobile and our track record in monetizing and such products. every day, i wake up and i'm delighted our opportunities keep growing. and we create products that are defining the future. it's a truly exciting time to be at google. now we'll hear from patrick with some details about our quarter. >> thanks, larry. good afternoon, everyone. thank you for joining us. overall, we're very pleased with the growth trajectory of our business this quarter. this, in fact, despite significant currency fluctuation
FOX Business
Oct 31, 2012 3:00pm EDT
kind of in the genes of the city. i've highly benefited from this. people are just dedicated, committed, and, you know, they've been really saying clients first and the firm has been protected. liz: the corporate and investment north america banking ceo. thank you for coming here exclusively. your time is valuable, but it's great to hear the story from you, the chief. >> thank you for having me here. liz: update us when you move back. >> most definitely will. liz: millions still without power, much of it south of 34th street all the way down. you know, last night, times square and all the lights and anything below that? pitch black. people are stocking up on water and supplies when they can find them. after the break, oliver with what you should be stocking up in your portfolio including the company that could get a boost as the east coast remains in survival mode. ♪ follow the wings. liz: dow jones negative again, couldn't hold gains, down two points after having been down much more. had been up 81. markets minutest away from closing, 10 minutes from the first day of tradi
FOX Business
Oct 12, 2012 3:00pm EDT
call the other night that someone called me for the first time in five years saying the one the home-equity loan? liz: a smaller bank? >> it was a smaller bank. liz: i could get city to modify my mortgage but they told me -- big boys are all scared and hold their money close to their vests. we will be lending. >> this is how they make money and their spreads are starting to widen and they are starting to make money again and -- they still make a spread on this but the big money-center banks usually make money on extending asset bases and they are not seeing that demand now. liz: tim does not look at a specific level. you look at a peak to trough move. where are we? >> nowhere near where we should be. this market has lagged. typically at this point the markets are 120%. we are 100% from that. liz: what you mean not where we should be? >> when you go through a whole cycle market's rise 188%. we had a deep low last time. earnings have risen but the market has not kept pace. that is my point. liz: i am not hearing you say be all in. >> i would not be all in. i am nervous particularly bon
FOX Business
Oct 29, 2012 3:00pm EDT
about shutting down the city a day in advance. >> well, the city first of all they are doing a great job, emergency services. a day in advance, we were able to fit in all the events and functions, but the transportation was a little problem. robert: the owner and operator here at battery garden restaurants. if you are walking around grand central, you may recognize his face from uncle paul's pizza they delivered all the way downtown to our very hungry fox crew. liz: thank you to him. i have been to that wonderful battery gardens restaurant many times. he does a great job, fantastic. thanks to him and all the business owners that who are really putting up the good fight here. speaking of which, you wonder when the markets will start again. will they reopen wednesday? that's the plan right now. you look at the big board and you just see zero, nothing is moving. charlie gasparino was on this story early this morning. >> i think from what i understand it, i'm getting news from exchange officials, there is a 99.9% chance the market ts will be open wednesday. the last thing they want is th
FOX Business
Oct 4, 2012 3:00pm EDT
you think people need to know about the city? >> i think it has had a bad representative for a long time. liz: why? because of the river that caught fire? >> cleveland, first of all, people do not realize we are on a body of water that looks like an ocean. we have island out on the lake. jimmy buffett bill is out there. you have the water. cultural arts. one of the biggest and most proud orchestras in the world. art museum. of course, the rock 'n roll hall of fame. a very small footprint which allows you to navigate the city, feel safe and do this in a very short period of time. and, it is less expensive. liz: you do a great job, terry. terry stewart who is the ceo. they call it the mistake on the lake. i call it best location in the nation. coming up, big businessmen joining us exclusively. the president of the cleveland indians. they had their last game last night. they had a great first half of the season. collapsed in the second half. what will they do next year but back this is a team that has stuck by the city and vice versa. we have a fox exclusive coming up. ♪ ♪ forz(pow
CNBC
Oct 29, 2012 4:00pm EDT
7:00 tonight. the effects will not be over at that time. let me show you why. first of all, if you look closely to the southeast of atlantic city, right about there, that is where the center is. that's where you see kind of a hole in the precipitation. almost like a circular hole right there. and that is moving to the north and west very, very clearly on track. however, it's doing so a little faster than was expected. just a little. that has two effects. one is meaning even more wind because there's a counterclockwise circulation of winds and the forward motion will add to the wind on the north side, in other words, the right-hand side of motion. bottom line, additional storm surge right in through long island and down the new jersey shoreline to around atlantic city. that is a big problem. let's take a look at that storm surge situation. again, we're looking at 3 to 6 feet in general in eastern new england. look what happens. because the water's coming from east to west, it kind of backs in through the long island sound, as an example, to 6 to 11 feet. we're looking at 4 to 8 feet
CNBC
Oct 16, 2012 4:00pm EDT
focus on becoming more of an operator versus, you know, the roll-up that citi had a reputation of? >> i can't speak to necessarily what i'm going to do differently, but i can tell you what i'm going to do and what i'm going to focus on. so first thing is this is a very important time of year for the company. we are in budget and strategic planning season. we have a budget that i need to work together with the business heads to deliver by year end. we're in c-car process. we have a document to deliver by january 5th. so those are going to be things that obviously i'm going spend time focused on. i think from an overall perspective, i think as mike said, the focus is really on operating performance and a real refined focus around that. again, i think we've got the right footprint. we've got the right resources, and it's up to us to make sure we use those properly. that's what i'm going to be focused on. >> okay. thanks for the questions. congratulations again. >> thank you very much. >> your next question comes from the line of john mcdonald with stanford bernstein. >> hi, i had a q
FOX Business
Oct 30, 2012 3:00pm EDT
with chris christie, new jersey's governor and here is what. atlantic city is under water. you can see not only is the boardwalk, the famed boardwalk of atlantic city completely ruined but block after block after block hundreds and hundreds, and the first floor completely flooded. i am liz claman. count down to the closing bell begins right now and there is no closing bell because the new york stock exchange and the nymex and the nasdaq castillo's. the east coast trying to come back from the damage of hurricanes and the. every corner covered for you. when all is said and done it might be atlantic city that suffers the most. atlantic city underwater as presidents flooded out and that historic boardwalk which is a huge tourism focus under water in shambles. check this out. video from yesterday of the crane in midtown manhattan collapsing, simply folding like a matchstick. that happened at 3:00 p.m. monday. the crane is part of construction on a luxury condo building said to be the tallest condo skyscraper in manhattan when it is finished. 90 floors, still evacuated at this hour from
FOX Business
Oct 24, 2012 3:00pm EDT
first reported by fox business, wall street is at odds if citi actually broke a law. charlie gasparino, what else is happening? >> this is a preliminary inquiry. i saw the differences between that and a full-fledged investigation on this. the sec goes to you and says give us the documents we want. e-mails surrounding the departure. a full-blown investigation they send you a subpoena. the reality, it is almost the same thing. all right, so what is going on? remember the sequence of events. you were questioning me about the sequence of events. did he know he was getting fired? apparently he did not know. the boord knew. 4:00 p.m. number new this would hold him adios, amigo. the next day it was publicly announced on the conference call. they have a conference call. the sec is looking at this whether they properly disclose the way the process works. and whether that last statement that was his choice violates any security laws because as you know it really wasn't his choice. i will say this, we have asked harvey pitt, major white-collar attorney, wayne state university law professor, waite
Search Results 0 to 12 of about 13